C7S - Approve Led Rings Maintenance Contract

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, RETROACTIVELY APPROVING AND AUTHORIZING THE CITY MANAGER AND THE CITY CLERK TO EXECUTE A PROFESSIONAL SERVICES AGREEMENT (“PSA”) WITH JIM MORRISON PRODUCTIONS, INC., FOR THE MONITORING, PROGRAMMING AND MAINTENANCE OF THE “A CELEBRATION OF LIGHT” LED RINGS LOCATED WITHIN THE JULIA TUTTLE CAUSEWAY, DIRECTLY BEHIND THE CITY’S WELCOME SIGN AT THE ARTHUR GODFREY ROAD/ALTON ROAD ENTRANCE; SAID PSA HAVING A TERM OF FIVE (5) YEARS, WITH NO ADDITIONAL RENEWAL OPTIONS, AND AN ANNUAL FEE OF $28,800.00, SUBJECT TO A COST OF LIVING ADJUSTMENT NOT TO EXCEED 3% PER YEAR, WITH ALL PAYMENTS SUBJECT TO ANNUAL APPROPRIATION THROUGH THE CITY’S BUDGETARY PROCESS.